6 Craigslea Street, Chermside West QLD 4032

Flood overlay present | limited rental yield on price | two small sheds instead of proper storage | pool upkeep eats into holding costs This house carries a genuine flood risk overlay, which compounds the cost of ownership through higher insurance premiums and reduces exit liquidity in softer markets. The rental appraisal of $1,100 to $1,200 per week on a $1.6 million price delivers a gross yield under 4%, meaning you are buying for capital growth not income. The 804 square metre lot with dual living potential downstairs offers the strongest value lever, as a compliant secondary dwelling could offset holding costs or deliver intergenerational separation. Hold for land appreciation, not cash flow. Comparable sold nearby established at $1,600,000 in February 2026. This property sits on slightly larger land with functional downstairs separate living. Price positioning appears fair but not discounted. The elevated position with front and rear balconies and polished timber floors makes this rare in Chermside Wests 1970s brick stock. it serves best a buyer who values school catchment certainty and pool lifestyle over walking distance to shops. Demand for dual-living layouts in this corridor is rising, so securing before further price discovery is the decisive next step.